Plan Ledger DOL Form 5500 · updated monthly

HAND2MIND, Inc.401(k)

HAND2MIND, INC. 401(K) PLAN · VERNON HILLS, IL · plan year 2024

Reported admin expense ratio · 2024
0.11%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

HAND2MIND, Inc. reported $49,995 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,825 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.10% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 955th-largest of 3,702 plans among Illinois employers on file, and the 676th of 5,215 in retail trade. In 2024, employees put in $3.72 for every $1.00 the employer contributed; active participation has grown from 302 to 374 since 2022.

Plan summary
Net assets, end of year$47,686,169
Participants with balances418
Active participants374
Employer contributions$682,615
Employee contributions$2,541,714
Employer contribution per active participant$1,825
Average account balance$114,082
Benefits paid to participants$8,190,716
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$47.7M · 418 accts · $683K emplr
2023$43.6M · 398 accts · $639K emplr
2022$34.6M · 378 accts · $486K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,306
Total administrative$49,995
The HAND2MIND, Inc. 401(k) match · 2024
Employer contribution per active participant$1,825
Median for plans this size$2,416
2024$1,825 per active participant
2023$1,948 per active participant
2022$1,608 per active participant

HAND2MIND, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
CREATIVE PLANNING, LLC · Consulting$23,987
MESIROW FINANCIAL, INC. · Consulting$22,702
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$3,306

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$49,995 · 0.11%
2023$40,134 · 0.10%
2022$39,115 · 0.10%
Similar plansRetail Trade · Illinois
Avalign Technologies, Inc. IL$53.6M · 0.23%
Claire's Stores, Inc. IL$52.1M · 0.02%
W.S. Darley & Co. IL$44.7M · 0.23%
Ftd, LLC IL$42.1M · 0.23%
Barcodes, LLC IL$41.9M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 360972955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.